A Global Free-For-All?

There is a global awareness now on the need to fix Islam - but darkness prevails on the best method - a solution that is simple and sure will evolve from here.Sounds far fetched ? Just consider the peculiar case of 1 million deaths in the Iran Iraq war- this was no Jihad with Kafir and hence all those dead went to hell for no fault of theirs except that they had Saddam as "boss" - in the post Lehman world we all agree that this is very unfortunate & avoidable case of bad direction by leadership , which brought ruin to followers!

A nuclear attack on middle east from either US or Israel canoot be ruled out at all - it appears to be very central to planners of Islamic life. As all muslims prey 5 times a day for death in jihad and seat in heaven ; this is the most practical way for a benevoilent kafir to delivery a heavenly martyrdom in jihad to all muslims on equal footing.... so that at the Allah's brothel - stock of 72 goats/ martyr can be enjoyed equally by each muslim.

contd) On the other hand if it is asked of men to work harder than their capacity without a reward, then everyone will become lazy and careless would be tremendous waste of people???s talent and loss to humanity. Everyone knows that livelihood is in constant progress, though the domination and exploitation one after the other of all things that God has created, whereas one sees that the rest of animals have changed nothing in their livelihood ever since God has created their spices. The cause of this difference as discovered by the biologist is simultaneous existence of a society, a cooperation, and a liberty of competition inside the members of the society, i.e., human beings, whereas other animals suffer from the lack of some or all these requisite conditions.
Perhaps the most developed social cooperation is found among bees, ants and termites: they live in a collective way with the complete equality in livelihood, yet without any competition among its members and consequently it is not possible for the more intelligent or more industrious bee to live more comfortably than others. For this reason, there is neither evolution nor change, much less progress in any of these species as against the human race. The past history of man shows that every advance and every discovery of the means of comfort came into existence through competition and desire for amelioration, and also through the existence of grades of wealth or poverty among men, one above the other. Yes, the absolute liberty as in liberal democracy has led the devilish men to exploit the needy and ooze them out gradually. So, it was necessary for every progressive civilization and every healthy culture to impose certain duties on its members (such as to pay the taxes), outlawing embezzling, cheating etc, and recommend certain supererogatory acts like charity and expenditure for the sake of God, yet nevertheless to have a great deal of liberty of thought and action to its members, so that each one benefits himself, his exigency, his friends and the society at large. This is exigency of Islam and it???s also conforms to nature. It tolerates the minority of the rich and accumulation of wealth but imposes upon them heavier obligations: prevents immoral means of exploitation, hoarding and accumulation of wealth. Further, it makes injunctions and also some recommendations for charity and sacrifice with promise of spiritual and eschatological rewards.The economic policy of Islam has been explained in most unequivocal terms: ??? so that this (wealth) may not circulate solely among the rich from among you, (59/7). Islamic view is that unless equality(masawat) in all spheres of life is not practiced, a society will remain unjust and it is the duty of the state to provide and look after the needs and comforts of its subjects.

Capitalism was built without foundations and bound to collapse sooner or later with a mighty thud. It breeds unbridled greed and nothing but more greed as we are witnessing in the financial, banking and private sectors. The collapse of western capitalism neared it???s end as the wealth from its shores started to travel to emerging Asian economies. Its labour force became hungry for higher wages for less work and their bosses became money, bonus, pension and benefits grabbing cheats and tax-evaders. This economic recession is going to hit the West harder than that of 30s??? because then it did not face commercial competition from the East but now, it would have to compete with emerging economies and markets as powerful of the Asia.

Capitalism was bound to fail as did the Communism because any man-made ???ism or ideology??? can not bring fairness, justice to the masses and is the ultimate recipe for economic, social and political catastrophe. Communism to fail because it crushed human aspirations, freedom, liberty, prohibited personal possession of assets and made the proletariat just mechanical robots - means of production for the communist state. The godless state-run ideology is anti-thesis of western capitalism, competition and prohibition of amassing wealth, which is a natural desire of a normal human being. Equality of all men in wealth and comfort, even if it is ideal, does not promise to be of unmixed good to humanity. First because natural talents are not equal amongst different men, so much so that even if one were to start a group of person with complete equality, sooner the spendthrift will fall into difficulties and will again look on the fortune of his comrades with greed and envy. Further, on philosophical and psychological grounds, it seems that in the every interest of human society, it is desirable that there should be grades in wealth and the poor having the desire and incentive to work harder. (contd)

Look at it this way, China will do what ever it wants, the real sleeping giant awakened by the US. However, it will always be behind America. Fortunately. America is the true innovative capitalistic society. So therefore she'll stay ahead trudging forward into a new era where conservation, security and innovation really will flourish. China on the other hand will fill the void and become the decades behind new America in the east. This is OK. By America receding a bit it can almost secretly and boastfully climb up to it's stand alone out in front platform creating the modern paradigm. Along with this modernization the US really needs to strengthen it's ties with Russia, by for starters purchasing more oil and other goods. Reagan started it, now we really need to do everything to propagate a trustworthy improved relationship, that is sort of like finishing what we started.It is kind of like the world expecting Jesus to court it, when Jesus would rather be courted by the world(which is the case and causing a major stalemate).Who goes to who? So Russia probably could use some good ol' Jesus like pride swallowing American flattery.

These global summit protests are a mismash of legit interest groups, and anarchists trying to start riots. London police were flatfoot, bad job -- found a cool site; Balkingpoints ; incredible satellite view of earth

Capitalism is working. It's people's lack of self control and not to budget. it's the same thing as the great depression. too many people buying on credit.

I thought the article was missing a key point I would have liked to have understood- what would happen should America stop the flow of lower priced Chinese products into our country? What effect would this have on our economy and the resulting protectionism of the other G-20's. Would the good outweigh the bad in the long run? Mr. Samuelson seems to have danced around this one a bit.

This is a great article! It poses the question: ???Will the world economic order overcome these stresses or give way to a global free-for-all, characterized by rampant protectionism, nationalistic subsidies and preferences???? It then acknowledges that these behaviors already exist: ???The reserves are not an accident; they are the consequence of conscious policies.??? These policies over the years have contributed to the demise of our manufacturing base, and are one of the reasons why one-third of our economy is now financial instruments. Truly free-trade is the most efficient and fairest way to manage our relations and allocate resources. However, any attempt to address the imbalances already in the system is viewed as protectionism.

This is a great article! It poses the question: ???Will the world economic order overcome these stresses or give way to a global free-for-all, characterized by rampant protectionism, nationalistic subsidies and preferences???? It then acknowledges that these behaviors already exist: ???The reserves are not an accident; they are the consequence of conscious policies.??? These policies over the years have contributed to the demise of our manufacturing base, and are one of the reasons why one-third of our economy is now financial instruments. Truly free-trade is the most efficient and fairest way to manage our relations and allocate resources. However, any attempt to address the imbalances already in the system is viewed as protectionism.

for the past eight years Americans were told (and the world) that our dollar was worth less. Being that Americans are more of a consumers than producers - it doesn't take a Phd from Princeton to figure out that a strong dollar is neded. Yes - small businesses will suffer but the economy is 3/4 consumer - the consumer needs to be put first not business.

The imbalances are what they are and are nether alarming nor very surprising. WHAT is missed in this excellent anaysis is the structural disparity, of a third of US GDP becoming "financial services." This is a macro transfer payments bias skewed to benefit the few and their institutional and individual greed and this singularly is the engine that inflated the bubble of the world capital markets, as in the US there are ONLY two macro sector housing and consumer spending. And so when Wall Street decides it's worth a third of this GDP this was a prescription for massive failure and it came with a vengance. NOW what? America will reinvent itself, with a thrird "sustainable" macro sector of "human health and wellness products and services." It will grow up driven by a NEW model of wealth creation the NEW economic paradigm as NEW Global Technologic Infrastructure-GTI and the entire G-20 will support it as its survival depends on its success.
See WHAT, WHY, WHEN & HOW... http://www.youtube.com/watch?v=iImBPSEk4So
The good NEWS is their is a post "meta analysis" SOLUTION and its derives from out of the box "meta narrative" of actual events, history and their composite meaning . Advice, when viwing the Slide Show prompt the slides yourself manually to solow down the sequence and learn the ANSWER(S). Tky, YYBA

not only are we leaning towards redistribution of wealth,, "Gov. cash give ways" and Socialize Gov. " Nationalize Private Corp. " AIG, GM, Real-estate Co. Banks",, but we must acknowledge that we are becoming a Welfare Country. the proof of the above statement is the Demise of the US Dollar, the disrespect of the Dollar.

Any discussion of the economy brings one thing home to me: we are off the map, traveling in terra incognita. Here be dragons, and we can't see the farther shore.

Maybe; maybe not. Look, no one is immune from blame here. The Chinese "market' is controlled and only a few percent of the population are wealthy by Western standards. They don't want to give that up. It always amazes me how a Communist country can lecture a Democratic Capitalist country about Capitalistic matters. That's Demagoguery and the Chinese are very good at it. After all, most "Chinese" products are our products that are exported back to us.
As far as Europe is concerned, the Euro has come to benefit some and leave out others, because European Countries are Individually politically and ethnically homogenous, European countries remain class stratified and their economies are very conservative despite some degree of social progressivism. It's not hard to see why they produce few exportable progressive innovations. Trade barriers will inevitably backfire on them. That's why the French scream every time one is mentioned.
Anyway, we are not innocent by any degree. But everyone else has been complicit. Name-calling will not solve the recession, but cooperating in fixing the World economy will.